{"id":477219,"date":"2021-04-15T16:20:08","date_gmt":"2021-04-15T20:20:08","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/cca-industries-inc-reports-net-income-for-quarter-ended-february-28-2021\/"},"modified":"2021-04-15T16:20:08","modified_gmt":"2021-04-15T20:20:08","slug":"cca-industries-inc-reports-net-income-for-quarter-ended-february-28-2021","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/cca-industries-inc-reports-net-income-for-quarter-ended-february-28-2021\/","title":{"rendered":"CCA Industries, Inc. Reports Net Income for Quarter ended February 28, 2021"},"content":{"rendered":"
\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n PENN VALLEY, Pa.<\/span>, April 15, 2021<\/span> \/PRNewswire\/ — CCA Industries, Inc. (OTC: CAWW), announced today its results for the three months ended February 28,2021.\u00a0 The results can be found on the chart below.<\/p>\n

Net income was $73,520<\/span> for the three months ended February 28, 2021<\/span> as compared to a net loss of $143,582<\/span> for the three months ended February 29<\/span>, 2020.\u00a0 Lance Funston<\/span>, Chief Executive Officer commented, “We have still been facing a difficult retail environment due to the COVID pandemic as previously disclosed.\u00a0 However, I can report that sales returned to pre-COVID levels in March 2021<\/span> and we see that trend continuing so far in April 2021.\u00a0 Our digital on-line sales continue to increase which has contributed to our sales recovery.”\u00a0 <\/p>\n

Further information, including the Unaudited Financial Statement for the first quarter ended February 28, 2021<\/span>, the Audited Financial Statements for the year ended November 30, 2020<\/span> and the Quarterly Disclosure Statement filed with the OTC, may be found on the Company’s investor web site:\u00a0 www.ccainvestor.com<\/a>\u00a0\u00a0 <\/p>\n

CCA Industries, Inc. manufactures and markets health and beauty aids, each under its individual brand name. The products include, principally, “Plus+White” toothpastes and teeth whiteners, “Bikini Zone” medicated topical and shave gels, “Nutra Nail<\/span>” nail care treatments, “Porcelana” skin care products, “Scar Zone” scar treatment products, “Sudden Change” anti-aging skin care products and two newly acquired brands, “Hair Off” and “Solar Sense”.\u00a0 <\/p>\n

\n Statements contained in the news release that are not historical facts are forward looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties, which would cause actual results to differ materially, from estimated results. No assurance can be given that the results in any forward-looking statement will be achieved and actual results could be affected by one or more factors, which could cause them to differ materially. For these statements, we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act. <\/b>\n <\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

\n
\n
\n CCA INDUSTRIES, INC.<\/u>
\n <\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n Financial Results (Unaudited)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n

\n Three Months Ended<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n

\n February 28, 2021<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n February 29, 2020<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Revenues<\/span>\n <\/p>\n<\/td>\n

\n

\n $ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 3,225,991<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 3,861,084<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Net Income (Loss)<\/span>\n <\/p>\n<\/td>\n

\n

\n $ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a073,520<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 (143,582)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Net Earnings (Loss) Per Share:<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Basic<\/span>\n <\/p>\n<\/td>\n

\n

\n $ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 0.01<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0(0.02)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Diluted<\/span>\n <\/p>\n<\/td>\n

\n

\n $ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 0.01<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0(0.02)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Weighted Average Shares Outstanding:<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Basic<\/span>\n <\/p>\n<\/td>\n

\n

\n 7,536,017<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 7,531,684<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Diluted<\/span>\n <\/p>\n<\/td>\n

\n

\n 7,551,538<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 7,531,684<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n EBITDA *<\/span>\n <\/p>\n<\/td>\n

\n

\n $ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 69,307<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 (91,285)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n * Earnings before interest, taxes, depreciation and amortization<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Reconciliation of Net (Loss) Income to EBITDA:<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n NET INCOME<\/span>\n <\/p>\n<\/td>\n

\n

\n $ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 73,520<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 (143,582)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n TAX<\/span>\n <\/p>\n<\/td>\n

\n

\n (54,777)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (25,114)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n INTEREST<\/span>\n <\/p>\n<\/td>\n

\n

\n 44,002<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 67,703<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n DEPRECIATION\/AMORITIZATION<\/span>\n <\/p>\n<\/td>\n

\n

\n 6,562<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 9,708<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n EBITDA<\/span>\n <\/p>\n<\/td>\n

\n

\n $ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 69,307<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 (91,285)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n

\u00a0<\/p>\n

\n \"Cision\" View original content:http:\/\/www.prnewswire.com\/news-releases\/cca-industries-inc-reports-net-income-for-quarter-ended-february-28-2021-301270227.html<\/a><\/p>\n

SOURCE CCA Industries, Inc.<\/p>\n<\/p><\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

PR Newswire PENN VALLEY, Pa., April 15, 2021 \/PRNewswire\/ — CCA Industries, Inc. (OTC: CAWW), announced today its results for the three months ended February 28,2021.\u00a0 The results can be found on the chart below. Net income was $73,520 for the three months ended February 28, 2021 as compared to a net loss of $143,582 for the three months ended February 29, 2020.\u00a0 Lance Funston, Chief Executive Officer commented, “We have still been facing a difficult retail environment due to the COVID pandemic as previously disclosed.\u00a0 However, I can report that sales returned to pre-COVID levels in March 2021 and we see that trend continuing so far in April 2021.\u00a0 Our digital on-line sales continue to increase which has contributed … <\/p>\n

Continue reading “CCA Industries, Inc. Reports Net Income for Quarter ended February 28, 2021”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-477219","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nCCA Industries, Inc. Reports Net Income for Quarter ended February 28, 2021 - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/cca-industries-inc-reports-net-income-for-quarter-ended-february-28-2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CCA Industries, Inc. 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Net income was $73,520 for the three months ended February 28, 2021 as compared to a net loss of $143,582 for the three months ended February 29, 2020.\u00a0 Lance Funston, Chief Executive Officer commented, “We have still been facing a difficult retail environment due to the COVID pandemic as previously disclosed.\u00a0 However, I can report that sales returned to pre-COVID levels in March 2021 and we see that trend continuing so far in April 2021.\u00a0 Our digital on-line sales continue to increase which has contributed … Continue reading \"CCA Industries, Inc. 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